Remittances to India, sending money to India

India remittance statistics

Remittances to India are money transfers from Non-resident Indians (NRIs), employed outside the country to family, friends or relatives in India. NRI remittance is one of the biggest source of foreign exchange for India and helps India foreign exchange reserves. Sending money to India has become easy with different banking offering these services online. India is the world's leading receiver of remittances, claiming more than 12% of the world's remittances in 2017

Source Countries

Country Money Sent (US$ millions)
United Arab Emirates $13.823
United States $11.715
Saudi Arabia $11.239
Kuwait $4.587
Qatar $4.143
United Kingdom $3.941
Nepal $3.016
Canada $2.877
Australia $1.944
Bahrain $1.336
Sri Lanka $1.265
Singapore $886
Italy $612
New Zealand $341
Germany $332
Total of top 15 $62.057
Other countries $6.911
Grand total $68.968
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India Statistics